You jest, but one of my daughter's friends is the first I know who's said 'We'll vote In at the next election'.
'What happened to the Armaggedon?', said my Brexit voting sister. Less than two weeks in: https://www.theguardian.com/busines...leases-150bn-pounds-risks-financial-stability Does anyone know whether this is on top of £250bn pledged by the BoE so far? If so, we're rapidly approaching the half a trillion that it took Brown to bail out the banks in 2008. And that led to eight years and counting of austerity and public sector cuts and wage freezes.
It's not from the 250. I think it's out of the banks capital reserves that were boasted about... I think. So the bank of England can do x the banks have so much as well before their liquidity comes into question. As I said it seem that as the pound drops the ftse is rising But the indicators that jittered Asia were officials saying some of the expected conditions predicted on Brexit were already being seen I have this really bad feeling this is all a phoney war and some random event is just going to trigger a run on the banks and a crash.
The FTSE 250 is falling and is the better measure at it's more domestically biased. The 100 is a much more global footprint. The Global economy was volatile before Brexit, we've gone from out performing the recovery of most of our peers post '08, to voluntarily shooting ourselves squarely in the foot from an investment and trade perspective. Once article 50 is invoked, then you'll see the true effect of what we've done.
I have a feeling sonething going to occur prior to anyone getting round to 50. Just some numbers or some statement will just trigger a storm. If we get to an orderly 50 in January I'll be surprised.
I've said it before - the people who pursue power are the very last people you can trust with it. I wonder if any of them listen to their conscience? I wonder if Cameron is sitting at home, rocking to and fro with his head in his hands thinking "What have I done?"
I was thinking about that yesterday funnily enough. When he made the commitment for a referendum he never thought he'd lose, so why did he? I think the reason it went so badly pear for him was primarily because he went to the Nation with a decision that wasn't a decision he was asking for ratification of. In other words, if he was advocating us leaving and felt that it was a decision of such gravitas that he needed an electoral mandate outside of a GE, and went to the electorate asking for the Nation to back his viewpoint, then the lines would have been clear. The Tory party would have been united (at least publicly) in favour and the opposition the converse. Instead he came to the Nation with a decision that he didn't want the Nation to make, and even worse then allowed his own party to pitch against his view. So it was a complete jumbled mess, who believed what? who was telling the truth? the Govt itself was split on the issue, so what chance the populous? I'm sure he now fully realises his error, when he made the seemingly glib decision to commit to a referendum in order to pipe down the far right in his own party and split the UKIP vote at the GE. He sailed by the seat of his pants once to often, and he got caught out. If it was only his career that was the casualty who'd be arsed.....but he's ****ed up the entire Nation, in combination with the other idiot in this debacle who campaigned for something he didn't even believe in, with the sole purpose of positioning himself in a strong position to be the shoo in for the next Tory leader. What a ****ing shambles.
Mark Price, the UK trade and investment minister and former Waitrose boss, is very upbeat about Britain’s future. Speaking on an official visit to Hong Kong and China, Lord Price said the outcome of the referendum handed the UK and rest of the world the opportunity “to create a second Elizabethan Golden Age” of trade and investment. So... any bookies giving odds on Charles being king by the time of Article 50? #thanks2016
On BBC top 10 stories one headline caught my eye "Leadsom and Gove vile to take on may" might be telling about me but i first read that as "Leadsom and Gove vile"
Aye. We cannot overestimate the uncertainty we will subjecting ourselves to. It is like jumping from an edge not knowing the depth of the dark ravine: 10 feet or 100 feet. We will be praying we'll get away with just a couple of broken bones.
The only way we'll escape calamity is by agreeing a quick deal with the EU for a free trade agreement The only way we'll get a free trade agreement is by agreeing to free movement. **** the bigots and sign it is what I say.
